To Mr. Belknap's courteous greeting he gave little heed, but like a charmed canary before a cobra his look rested on the second man of the pair. This was a young man with level, gray eyes, who nodded slightly and cheerfully said:—

"How do you do, Mr. O'Connor."

No word said O'Connor; his eyes neither lowered nor turned aside their fascinated gaze. Each of the four men stood still, waiting for the little drama to end: a long minute.

"Here are the papers, Mr. Murch," said the intermediary, at last, turning to the financier.

"All right; let me look over them," said the other.

Five minutes later the Salamander had ceased to exist.

CHAPTER XXV

The March winds blustered over Boston, and the cold salt smell of the ocean was borne tempestuously in upon the shivering city. Chill and keen out of the northeast came the air that hinted not at all of spring, but urgently of winter. The people in the streets walked briskly, with no laggard steps; they were accustomed to this sort of untimely treatment from the New England climate, and they had no intention of being betrayed thereby into pondering over southern lands or sunny vineclad hillsides where summer always lingered. Boston might not be climatically Utopian, but there was at all events something virile, something manly and admirable about a sort of weather for which no other good word could be used.

Between the tall buildings in Kilby Street, where now for three weeks the current of the insurance world had been flowing with quickened, almost feverish pulse, the activity on this blustering day in middle March was undiminished. Of the hastily arranged adjustment offices which the magnitude of the conflagration had made necessary, nearly all had been given up, and the comparatively few uncompleted adjustments of losses were now being handled through the regular offices.

It had been a titanic task, that of adjusting fire losses extending in the aggregate to between one and two hundred millions of dollars—for there were some indications that the Boston property damage would reach the latter figure. But after three weeks of steady work, when the lines of claimants before the adjusters' doors had hardly slackened a moment, the worst was over. Three fourths of the claims had been settled; satisfactorily to all concerned by the larger and more responsible companies; on a basis of offered compromise by those institutions tottering on the brink of insolvency; dubiously, or with craven and flagrant unfairness by the stricken "wildcats," the irresponsible undergrounders of America and Europe. For every great fire unearths the fact that there are always companies who will gladly accept premiums,—often at surprisingly low rates,—although they are only mildly addicted to the payment of losses. And every conflagration also uncovers the fact that there are many penny-wise citizens who purchase this class of indemnity. A great fire cleans, as nothing else does, the fire insurance stage of all but the fittest.